This Second Edition of the book explains, with precision and clarity, the basic concepts, theories and practices of international financial management. As international transactions form an integral part of economic activities in the modern globalized economic environment, practising managers need to know the fundamentals of international finance. And this book, written by Professor S. Kevin, who has a rich and long experience in teaching international finance, eminently fulfils this need.
The book begins with an explanation of the exchange rate mechanism of foreign currencies, factors influencing exchange rate fluctuations, and the trading mechanism in foreign exchange markets. As currency forwards, futures, options and swaps are the instruments of currency derivatives used as hedging and speculative tools, the book goes on to give a detailed description of the use of currency derivatives for hedging as well as speculative functions. It contains an analysis of international financial institutions and their functioning, the participants and instruments of global financial markets where international funds are raised, the many uses of international funds in the form of portfolio investments, and direct investments in host countries.
The book is primarily intended as a text for postgraduate students of commerce and management, chartered accountancy (CA) and chartered financial analysis (CFA). It would also be of immense value to practising professionals in the field of international finance.
KEY FEATURES
• Illustrates the concepts with the help of examples, figures and tables.
• Clearly explains risk management tools and techniques.
• Discusses the role of international financial institutions in the global financial market.
• Is a handy text for self-study.
ADDITIONS IN SECOND EDITION
• Exchange rates have been revised to current levels
• Two new chapters on ‘International Projects and Portfolios’ and ‘ Practices and Problems of International Financial Management’ have been added
S. KEVIN, Ph.D., is Emeritus Professor at the Department of Commerce, University of Kerala. He has served as Professor of Commerce and Pro Vice-Chancellor of the University of Kerala. He has also served as Director, TKM Institute of Management, Kollam, and Director, Bishop Jerome Institute, Kollam. He has over four decades of teaching experience in Commerce and Management Studies at the University of Kerala and other reputed Institutions.
Prof. Kevin has published several research articles in scholarly journals such as Finance India, Productivity, Economic and Political Weekly of India, Yojana, International Journal of Management and Systems, Decision, etc. His areas of specialization are financial management, security analysis and portfolio management, international finance, and financial derivatives. He has authored four other books—three of them are published by PHI Learning.
